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Commentary Of The Usd/jpy Parity

Title: Technical analysis of the USD/JPY parity on August 20th, 2010
Commentary of the USD/JPY parity : The upper band of the channel perfectly acted as resistance and also the resistance at 85.70. We maintain to trade only short positions as far as this level is resistance. Then, the return below 85.50 confirmed the take up of the bearish movement. The next support is at 84.93. The breakout of this level will give a new sell signal. However, if 85.70 is broken, a buy signal will be given. See the previous analysis of the USD/JPY parity of August 19th, 2010

Title: Technical analysis of the USD/JPY parity on August 19th, 2010
Commentary of the USD/JPY parity : The parity is currently testing a new pullback on 85.70 and is also testing the upper band of the bearish channel. We maintain to trade only short positions as far as the parity is moving into its channel. A return below 84.50 will comfirm the take up of the bearish movement. However, if an exit of the channel occur, a buy signal will be given and 85.70 will be our pivot point. See the previous analysis of the USD/JPY parity of August 18th, 2010

Title: Technical analysis of the USD/JPY parity on August 18th, 2010
Commentary of the USD/JPY parity : The parity made a pullback on 85.70. Besides, the parity seems to move into a big bearish channel. So, we maintain to tarde only short positions as far as it is the case. The breakout of 84.93 will give a new sell signal. However, if an exit of the channel occur, a buy signal will be given. See the previous analysis of the USD/JPY parity of August 17th, 2010

Title: Technical analysis of the USD/JPY parity on August 17th, 2010
Commentary of the USD/JPY parity : The parity got out of its range and the breakout of 85.70 gave us a sell signal. We advise to trade only short positions as far as this level is resistance. The breakout of 84.93 will give a new sell signal. However, if the price get back above 85.70, we will stay neutral. See the previous analysis of the USD/JPY parity of August 16th, 2010

Title: Technical analysis of the USD/JPY parity on August 16th, 2010
Commentary of the USD/JPY parity : The parity is moving between 85.70 and 86.30. We are neutral between this two levels. We will wait the breakout of one of these two bands to take position: - Long if 86.30 is broken - Short if 85.70 is broken

Title: Technical analysis of the USD/JPY parity on July 29th, 2010
Commentary of the USD/JPY parity : 88 finaly acted as resistance and a correction occured, pushing back the price below 87.67. So, we are neutral on the parity between this level and 86.86. We will wait the breakout of one of these two bands to take position: - Long if 87.67 is broken - Short if 86.86 is broken See the previous analysis of the USD/JPY parity of July 28th, 2010

Title: Technical analysis of the USD/JPY parity on July 28th, 2010
Commentary of the USD/JPY parity : The parity made a pullback on 86.86 and then, the breakout of 87.50 gave us a new buy signal. We maintain to trade only long positions as far as 87.67 is support. The next resistance is at 88.35. The breakout of this level will give a new buy signal. If 87.67 is broken, we will stay neutral. See the previous analysis of the USD/JPY parity of July 27th, 2010

Title: Technical analysis of the USD/JPY parity on July 27th, 2010
Commentary of the USD/JPY parity : A false breakout of 87 occured and we maintain to trade only long positions as far as 86.86 is support. The breakout of 87.50 will give a new buy signal. However, if 86.86 is broken, a sell signal will be given. See the previous analysis of the USD/JPY parity of July 26th, 2010

Title: Technical analysis of the USD/JPY parity on July 26th, 2010
Commentary of the USD/JPY parity : The parity broke its bearish slant, giving us a buy signal. Currently, the price is making a strong correction. However, we advise to trade only long positions as far as 87 is support. The breakout of 87.50 will give a new buy signal. However, if 87 is broken, we could trade again short positions. See the previous analysis of the USD/JPY parity of July 23th, 2010

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FOREX stands for Foreign Exchange - which means currency market. The Forex market is where currencies are sold, bought, in the form of parity. On the Forex market, all currencies are traded in real time, 24h/24h, 7J/7J. The Forex is open since few years to individuals, single investors wishing to diversify their investments or pure speculators. The access to foreign exchange market for individuals is offered through Forex Brokers.
BEWARE: FOREX is a market made volatile by the leverage which is offered to you. Consequently, a risk of important financial losses is always present. Tribuforex provides his internauts some trade ideas and analysis, but will not be responsible in case of losses. The main goal of www.tribuforex.fr is to offer a tool allowing traders to share forex between them.